Manhattan, Kansas Property Taxes
The median property tax rate in Manhattan, KS is 1.58%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Manhattan at $230,495, the typical annual property tax bill reaches $3,716, exceeding the national median of $2,690. Property taxes in Manhattan are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Manhattan's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Manhattan or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Manhattan, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,642
Ownwell’s Manhattan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manhattan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manhattan to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Manhattan, Kansas
Property taxes in Manhattan, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manhattan is 1.58%, higher than both the Kansas state median and the U.S. national median of 0.99%. Local government entities within Manhattan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manhattan estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Manhattan's effective property tax rate to other counties in Kansas and the national median. For comparison, the 66503 zip code has the highest median property tax rate of 1.59%, while the 66502 zip code has the lowest median tax rate of 1.57%. Understanding how these cities compare with Manhattan provides valuable insights into the varying tax landscape across Riley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manhattan Tax Rate
1.58%
Average Riley County Tax Rate
1.57%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manhattan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66502 | 1.28% | 1.50% | 1.57% | 1.65% | 2.01% |
| 66503 | 1.18% | 1.47% | 1.59% | 1.94% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Manhattan, Kansas
In Manhattan, Kansas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Riley County Appraiser's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Manhattan, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Manhattan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $4,634 in zip code 66503, while the lowest is $3,179 in zip code 66502.
Average Manhattan Assessed Value
$230,495
Average Riley County Assessed Value
$217,800
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manhattan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66502 | $131,592 | $157,950 | $197,710 | $256,150 | $332,440 |
| 66503 | $154,556 | $226,480 | $294,360 | $385,830 | $532,432 |
Source: Ownwell
Property Tax Bills Across Manhattan, Kansas
In Manhattan, KS, property tax bills are calculated based on the assessed value of the property, which is derived from the market value determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Manhattan, the median home price stands at $230,495. Property tax bills can vary significantly, with the 25th percentile paying around $2,666 annually, while those in the 75th percentile face bills of approximately $5,015. At the higher end, the 90th percentile sees tax bills reaching up to $7,491. Factors influencing these variations include the specific zip code, with the highest median tax bill of $4,634 found in the 66503 area, and the lowest median tax bill of $3,179 in the 66502 area. These property taxes directly affect homeowners by influencing their annual housing costs, potentially impacting their overall financial planning and home affordability. Compared to the national median property tax rate of 0.99%, Manhattan's tax rates reflect local economic conditions and public service funding needs.
Average Manhattan Tax Bill
$3,716
Average Riley County Tax Bill
$3,525
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Manhattan, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66502 | $1,979 | $2,463 | $3,179 | $4,164 | $5,286 |
| 66503 | $2,255 | $3,564 | $4,634 | $6,935 | $9,816 |
Source: Ownwell